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20110713
20110713
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Search Results 0 to 49 of about 57 (some duplicates have been removed)
FOX
Jul 13, 2011 6:00am EDT
. >>> and a big shake-up in the leadership of the d.c. council. council chairman kwame brown has reassigned committee chair appointments removing tommy wells as chairman of the transportation committee. the backlash has been strong with lots of phone calls and hundreds of e-mails coming in to support council member wells. we're told chairman kwame brown called wells to his office for an unusual meeting at 9:00 p.m. on monday. that's when wells got the news. he was out as head of public works and transportation and off the metro board. >> i was surprised and you know, that's part of where we are right now. >> political payback in your opinion or are you not willing to go that far? >> that's not what i'm focused on. >> council member wells will now take over the committee on parks and recreation. >>> turning to the economy, no deal yet but negotiators will meet again this afternoon despite the war of words heating up. the top senate republican is suggesting a way out. senate leader mitch mcconnell made the offer after speaker boehner and the president sou
CNN
Jul 13, 2011 6:00am PDT
: it is a huge moment for u.s. women's soccer. can they beat back france today? that is the big question. you know what? so many people around the world, as well as people watching them in germany, are actually rooting and cheering for the u.s. they are the favorites to win the world cup. i mean, they just had an incredible performance. you know? here you see them practicing. they had this incredible match against brazil and in the last minute, they scored a goal and then ended up winning on penalty shoot-outs. everyone is still buzzing about how i credible it was. so the question is can they pull it off today? and what many people are saying is that they have got the fitness, they have got the never say die attitude and they hope that they can manage it today. you know, they are very fit and the french have to work their da derrieres off today. >> i think they all will be working their derrieres off. what do you think? you've been watching this closely. >> you've got germany out. that was a huge team and the favorites to win the competition in germany. they got booted out. the brazilians, a
MSNBC
Jul 13, 2011 1:00am EDT
the debt ceiling to go up and take cuts to the big three off the table. mcconnell late today put out his last chance plan. >> i would advocate that we pass legislation giving the president the authority, the authority to request of us an increase in the debt ceiling that would take us past the end of his term. that is what he has said. he said he will not sign a debt ceiling that does not take us past the end of his term. >> so mcconnell's plan would allow republicans to vote against the debt increase, but it would allow the president to increase the debt. the downside for the righties? cuts to the big three would be off the table. that's been their mission all along. the tea party jumped all over mcconnell, right wing blogger eric rashgson said mitch mcconnell is making a historic capitulation. consider sending mcconnell a weasel. john boehner is on board with the senate leader mcconnell. he ran over to fox news and did major cya. >> i think everybody believe there is needs to be a backup plan if we cannot come to an agreement, and i think mitch has done good work. >> backup plan? at th
MSNBC
Jul 13, 2011 2:00am EDT
tough choices for a big budget deal. today he said without a deal there may not be enough money to send out social security checks. for many republicans in congress, opposing tax has become more than ideology. it's become religion. they're abdicating now their responsibility to co-govern. how are we ever going to get a deal if republican leaders more afraid of the tea party than they are of the economic collapse to come? >>> also, pray away the gay. michele bachmann's husband says the christian counseling practice he runs does not try to pray gay straight, but the video tells a different story. this may make michele bachmann more popular with her base, but what after everyone else? >>> plus, the murdoch scandal keeps getting bigger and bigger. gordon brown told the bbc that murdoch people used known criminals to get access to his personal information and try to bring down his government. the story has now hit the "sunday times" of london and his company stock is sinking. how bad will this get? jon stewart and british ex-pass had fun, a lot of fun, actually, with the murdoch story. that'
CNN
Jul 13, 2011 2:00am PDT
? >> they are being called to testify in parliament. the big story today is that the political parties are all going to get together, go to parliament and they're all agreed to support a motion that rupert murdoch, his bid to acquire bskyb, the cable operator here, should not go through. that is really rare, ali. it's not legally binding. who knows if he'll care or take notice. the other big story making news here is that the senate commerce committee chairman jay rockefeller is calling for an investigation saying, look, if "news of the world" was hacking u.s. citizens and 9/11 victims. he says this should be taken seriously and there should be an investigation. the big topic on that is how much is it going to affect rupert murdoch's empire in the u.s. as well? >> costing a lot of money in the stock. cost the stock about 14%, more than $7 billion since this really thickened about a week ago. let's talk about this former survivor producer facing expedition to mexico on a charge he murdered his wife. >> right. a judge basically said there was enough evidence to send him back to mexico to face trial, r
ABC
Jul 13, 2011 6:00pm EDT
center tonight with more on these plans. at the big headline here -- metro is fundamentally changing the way they do their scheduled maintenance. they say it will let them get work done faster and will cause your inconveniences' for most of the people on the line being worked on at the time. >> it is no secret metro is in the midst of a host system repairs and upgrades as it works to meet the safety recommendations laid out by the ntsb. currently, metro has trains sharing a single track during this project, but that is about to train -- that is about to change. >> they will not be sitting on a track waiting for a train to come in the opposite direction. we could be 20 minutes or more and anyone on the line will suffer from that. >> the agency will shut down both directions and do all the work in that one area at once, providing buses to bridge the service got around that work. >> the purpose for this is to isolate delays for that won portions of the rest of the line can operate pretty close to normal schedule and allow us to get more work done. >> metro says it will be able to comple
PBS
Jul 13, 2011 5:00am EDT
the markets. >> europe's leaders know they have to get over big political differences if the greek problem is to be solved. >> leaders have to raise above their domestic political agenda, and they will. proposals of the euro group on measures that will risk contagion in your area are you are intelligently needed. >> the fact they are still talking about proposals is surely alarming. this crisis is 18 months old now and investors may be losing patience. matthew price, "bbc news," brussels. >> feels like everyone is losing patience. the ireland situation, junk bond status according to moody. >> yes. the credit rating is now down junk status and by doing these cuts, moody's is doing -- showing that they need to agree and bring in a proper fix for this debt crisis, but it also raise this is discrepancy among the rating agencies. stacey dugard and fitch have ireland raised three notches above jupping status and moody's not only did they downgrade them to junk status but said there could be further doubts come. but the problem for poor ireland, they'll likely be forced to get rid of those bonds,
CNN
Jul 13, 2011 1:00am PDT
, it could be too big to fail. >>> nina, we're also seeing investors flee to the safe haven of the yen. it has broken that 80-yen mark but weakening just slightly from yesterday at 79.63. china announced a higher than expected gdp figure for june which eased worries about an abrupt slowdown in the economy. but the debt crisis in europe is still keeping many investors on the sidelines. ramy inocencio is here with a look at asia's closing numbers. >> the gains across the region were pretty good yesterday. the meek kay closed up .4%. credit suisse gave them on out performed rating over here in hong kong, the hang seng closed up a little over 1% here. that's off its worst two-day decline in 17 months. the catalyst here was that better-than-expected gdp number out of the chinese main land. on the mainland the gdp number was 9.5% for june. what was expected was 9.4%. with that the composite rose 1.5%. that was helped by good news from agricultural bank of china after saying its first half net profit would rise by nearly 50%. going down under, the asx rose nearly half a percent. that was prop
NBC
Jul 13, 2011 6:00am PDT
. traditionally a big separation between the coast and inland. 70 in napa, 60 in san francisco, take quite sometime for fog to clear. 6 in santa cruz and 71 in los gatos. stay tuned, i'm going to let you know as soon as i know about the clearing. it's going to start to clear at 11:00 today or noon. get to that forecast coming up. mike, over to you. >> all right, christina. i'd like to jump to the live shot of the bay bridge. this has changed dramatically in the last couple of minutes. the lane between the hov and fasttrack, they have suddenly shown slowdown. a lot of times not all the toll lanes are open. we've seen that building, maybe an indication the volume is steady enough, turn metering lights on any minute. get you back out to the maps, show you an issue developing for the east bay looking towards the value. northbound 238 just off of 580, moving to the center divide. out of lanes, enough to show a little slowing over the last couple of minutes there as well. watching for potential slowing 580 and 238 which takes you to 880. a live look at 880 itself, oakland showing low visibility.
MSNBC
Jul 13, 2011 1:00pm EDT
? >> what we need to do is the president proposed that we deal with this very big problem in a big way. and that democrats should put all of our sacred cows on the table. we demonstrated that we're willing to put all our sacred cows on the table. the republicans are simply not willing to do anything but sit on their hands and cross their arms like spoiled children, almost. and that's just not responsible. what democrats want to do when it comes to dealing with entitlements is make sure that we don't end medicare as we know it. that we don't cut benefits but we look at medicare and social security in a way that can preserve the long-term solvency of those programs and not propose what the republicans have to end those programs. >> speak of safety nets, the president did say in his interview last night that he could not guarantee that he would continue paying social security benefits if there were a default. this is what michele bachmann had to say about that. >> we were all shocked and appalled that president obama dangeled out in front of the cameras that senior citizens may not get th
CNN
Jul 13, 2011 2:00pm PDT
, this backup plan could be left as the last option standing. but the big question is always, wolf, will it pass the house? can it pass the house? and this seems to be another example of just how divided the republican party is on this issue. >> yeah, it's a huge, huge division right now. going forward, this debate, we'll see what happens. kate, thanks very much. let's check in with jack right now. he's got the "cafferty file." >> despite that nasty game of chicken going on in washington over raising the debt ceiling. congressional leaders in both parties pretty much agree that doing it is going to be necessary. the argument is over what else goes into the bill that's tying them up and bringing the country dangerously close to defaulting on some of our loans. according to a new poll, 40% do not want the debt ceiling raised and they want their members of congress to vote against any measures that raise it. only 22% want their lawmakers to vote for raising the debt ceiling. and more than 1/3 of americans say they're just not sure. when asked which is a greater concern, 51% say raising the debt cei
PBS
Jul 13, 2011 3:00pm PDT
exposure to italian paper. even american banks have almost $300 billion. is italy too big to fail? >> well, certainly it is. i mean, if you have to think about a rescue package for italy no one today has the money to put it up. i mean, let's face it, as you said before, italy is six times the size of greece. so i think that everybody should be quite calm. today the markets were doing much better. it's true, as ken was saying before, part of the confusion arose because of a fight over an internal political fight between berlusconi and finance minister tremonte. but the decree for a large austerity plan was already passed. and it was because of this fight that the markets feared that maybe this decree was not going to be approved by parliament. today the situation has been clarified. by friday this package will be passed and, you know, italy is going to go on by adopting this plan and by 2014 it will have a balanced budget which is going to be quite an enviable situation if all of this will go according to plan. >> suarez: professor rogoff, the news of the austerity plan seemed to have calme
MSNBC
Jul 13, 2011 6:00pm EDT
talk a big game. they say the president is losing support. they say he lost his touch. they say he is done in 2012. really? i don't think so. he is showing them the money in a big way. bandoned racetracks in america today. automotive performance is gone. and all we have left are fallen leaves and broken dreams. oh. wait a second. that is a dodge durango. looks like american performance is doing just fine. ♪ carry on. ♪ carry on. ♪ going to the bank without going to the bank... that's a step forward. with chase quickdeposit on your smartphone, you just snap a picture, hit send and done. chase quickdeposit. take a step forward and chase what matters. ♪ we just keep on keepin' on ♪ ♪ keep on >>> the republicans are in the debt talks, right? there is always the 2012, right? wrong. they are getting trounced too. today the obama campaign announced it raised more than $47 million this quarter. that's in addition to $38 million the president raised for the democratic party. it is also more than the entire republican field combined. and all that talk that is grass root base is d
CNN
Jul 12, 2011 8:00pm EDT
connell is also catching flak. presidential candidate newt gingrich called it an irresponsible surrender to big government and continued overspending. are the republicans handing the president a hot potato or a blank check? we'll have more on that. first, here are the other stories we're looking into tonight. the ultimate game of hide and seek. the cia in pakistan using dna to track the most dangerous terrorist in the world. >> sounds like it's straight out of a spy novel. >> but the story is fact not fiction. and republicans held hostage by the tea party. i'll ask one of their leaders, dick armey, will their hard-line position on the debt ceiling take down the gop, along with the rest of the country? then off with his head. in england, that's how parliament once dealt with the king. now they're after the head of another great empire. will rupert murdoch keep his crown? we'll discuss that later. now back to the top story, the partisan gamesmanship ramping up in debt ceiling talks. did they accomplish anything tonight? >> i wish i had a different answer than i had last night but again no breakth
MSNBC
Jul 13, 2011 6:00am EDT
this theater for however long it's been now really pumps it up. i never thought there was going to be a big deficit or debt reduction deal between the two parties because it's not in the interest of either party. i think the republicans were tactically terrible because they allowed obama to sort of portray himself or present himself as the one who is above the fray and who is interested in making the most cuts to the budget and to the debt going forward. and then making it appear, not appear but it's true, the republicans are walking away from a real deal to cut spending in this country. also, it gave obama and the democrats a chance to spotlight the republicans position on taxes. there's no way to get a handle on budget deficits over the long term debt without raising somebody's taxes. >> if this is raising the white flag, if this is going against the base, what is the difference between this and cutting a deal on tax loopholes and other things that would not impact their message overall. what makes this better? >> this is horrible. >> it's stupid. >> it's a nightmare. it's cynical. the se
MSNBC
Jul 13, 2011 10:00am EDT
get something done. there's a real big problem here inside the republican conference, and nobody on the democratic side should be held responsible for that. we are together on the democratic side. we want to get this thing done. we want to put skin in the game, and we seem to be getting pushed back on every front, from the republican side. and that is a real, real big problem. somebody ought to be speaking for the republican party on this issue. >> congressman jim clyburn, thank you so much for being here this morning. >> thank you. >>> president obama proves he's still a prolific fund-raiser. wait until you hear how much money his campaign officially raised with the dnc in the second quarter. that coming up in five minutes. but we've got some breaking news right now. police say three explosions have rocked mumbai, india. it happened in a crowded neighborhood in the central part of the city. the other two blasts hit a famed jewelry market and a busy business district. no word yet on any injuries or deaths. we are working to get more information. we'll have more updates as they be
MSNBC
Jul 13, 2011 12:00pm EDT
of india one of the ten largest in the world. another big story we're coffering today, divided over the debt. with the debt clock tick angd the two sides no closer to a deal, the senate's top republican tosses out a hail mary pass. >> after years of discussions and months of negotiations, i have little question that as long as this president is in the oval office a real solution is probably untaenable. >> mr. mcconnell said i think the day that i was elected that his job was to try to see me beat. i think what the american people are looking for is not that kind of partisan politics. >> back to the bargaining table they'll go today. both sides seemingly dug in. no clear way forward and president obama warning the dire consequences. >> can you tell the folks at home that no matter what happens the social security checks are going to go ou on august 3rd? >> i cannot guarantee that those checks go out on august 3rd if we haven't resolved that issue. there may simply not be the money in the coffers to do it. >> with pessimism growing, republican leader mitch mcconnell is pitching a plan
NBC
Jul 13, 2011 7:00am EDT
a controversial last choice option to end the stalemate. >>> how big was it? word this morning the number of possible victims involved in that hacking scandal in britain could be in the thousands. this morning one celebrity who says he was a target, hugh grant, speaks out in a live interview. >>> and we need aboat. a huge 18-foot-long saltwater crocodile leaps out of the river to the delight and terror of tourists. and the photographer who took the picture says it's no croc d the picture says it's no croc d day. captions paid for by nbc-universal television >>> good morning. welcome to "today" on a wednesday morning. i'm matt lauer. >> i'm ann curry. boy, the gloves are off in washington. the move could be more today because the president and top congressional leaders are going to go back to the negotiating table yet again. >> that's right. the republicans were not at all happy with the president's comment on tuesday. now senator mitch mcconnell has offered that last chance option. we're going to tell you what he is offering straight ahead. >>> also this morning matt, it was a deadly cras
CNN
Jul 13, 2011 10:00am PDT
not have been legally binding, but a big slap in the face. before that debate in the building behind me was about to get under way, the news core itself announced that they were holding their hands up and saying, look, we're not going to go ahead with this. an amazing u-turn from murdoch in the face of unprecedented. they said it's a victory for people up and down the land. they are all relieved for the minute that they don't have to make that decision in government, because that was going to be a very awkward moment when they had to decide one way or the other whether that could be approved. that has been taken off the table. the story is not over, though. the police investigation continues. there may be more arrests and maybe more fallout and maybe more allegations, and it's a global story now. there's talk about, you know, looking at whether they hacked into victim's of 9/11 in the u.s., and threats from a u.s. senator, jay rockefeller as well, and there is not confined to the uk now. >> the whole reason this broke is because of the voice mail that was hacked, the voice mail that bel
PBS
Jul 12, 2011 5:30pm PDT
alternatives, right? wind, solar, algae. >> i think it's got to work on a big scale. and i think it's got to be affordable. >> so, where are they? >> it has to work in the real world. at chevron, we're investing millions in solar and biofuel technology to make it work. >> we've got to get on this now. >> right now. the william and flora hewlett foundation, working to solve social and environmental problems at home and around the world. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> ifill: another blistering forecast greeted millions of americans today. the unrelenting hot weather broke a series of records, and triggered warnings in state after state. >> judging by the -- large portions of the country the sweating is way from over with temperatures over 100 degrees and above. >> how hot do you think it is. >> 109. >> in wichita, a high yesterday of 111 degrees, breaking a record set in 1982. it was expected to h
CNN
Jul 13, 2011 8:00am PDT
our fiscal house in order, they say, and they want big spending cuts in exchange for raising the debt ceiling. i will say, though, house republican leaders, they seem to at least be publicly more open to the idea. john boehner, the house speaker, even saying yesterday that he thinks mitch mcconnell has done very good work. we've also heard from some democrats, suzanne, that they seem to be open to the idea as well. one important point to make. while this doesn't require spending cuts, this mcconnell plan does have a catch. it would force very politically tough votes ahead of the 2012 election that republicans opposed to the debt ceiling could be on the record opposing, and also it's designed to then put the full responsibility of raising this debt ceiling of this new debt right in the lap of the president. there is some planning there. >> kate, how much do you understand what's going on here? obviously you've got the president, you have democrats, you have republicans, but republicans are even divided amongst themselves in this debate and it seems like there is a rift now between john
CNN
Jul 12, 2011 10:00pm EDT
. and they feel that the democrats have an ideological commitment to big government. what they would like to see is the government sweated down. that's the point they've been trying to make. there are honest differences and people have a very different view of what kind of society we ought to live in. >> but at a certain point, david, when there was a big deal on the table and if as you say the president could have brought nancy pelosi along -- i agree with you i think he could have -- the republicans would have gotten a great deficit reduction deal if they hadn't committed to the no tax pledge, right? >> but gloria, asking any party to commit to $1 trillion of tax increases is an awful big deal for a party that all along stood for lower taxes. and when they also feel a lot of these cuts are going to turn out to be illusory. their experience in the past they sign onto the bargains and they feel the democrats eventually end up getting what they wanted and what they wanted never materializes. >> there's a big difference between that and nothing. >> i agree. [ overlapping speakers ] >> so david, wh
NBC
Jul 12, 2011 5:30pm PDT
that it's summer we're stuck in an active and persistent summer pattern with a big ridge of high pressure entrenched over the middle part of the country. the good news is we have relief on the way for the northeast by the end of the week. the jet stream and cooler air comes in from the north. however, by the time we head into the weekend that heat, the 90s and the triple digits, building back into the northern plains so no relief in sight at all for much of the south, in particular, the southern plains and, ann, keep in mind we're coming up on what's typically the hottest time of the year and that's july. >> thanks for the warning. >>> in washington, where the prospect of a major deal on raising the debt ceiling and fix the country's budget problems seems to be slipping away. chief white house correspondent chuck todd now joins us. chuck? >> reporter: ann, it wasn't the heat, it was the debt ceiling here in washington. lots of heated rhetoric. it got ugly and even a bizarre proposal in congress that could be a back doorway to solve the crisis. here's the president in an interview with cbs
MSNBC
Jul 12, 2011 8:00pm EDT
was in favor of doing the big deal, i was in favor of the $4 trillion in deficit reduction, but the republicans refused because they wanted to protect tax breaks for corporate jets and tax breaks for hedge fund operators and wall street billionaires and i bent over backwards. he says that all the time, i bent over backwards, but they wouldn't do it. they kept insisting on ending medicare as we know it and cutting social security. there is so much more to come in the debt ceiling drama, but as of tonight, the republicans are coming increasingly close to giving the president everything he really wants in this crisis and everything he really needs to be able to say in his reelection campaign next year. joining me now is former governor howard dean, former chair of the democratic national committee and a cnbc contributor. thanks for joining me tonight, governor. >> lawrence, thanks for having me on. >> you know, when this crisis started and we started hearing tea party people saying forget it, let the nation default, i really saw no root to how the president could even get to where he is tonight. i
MSNBC
Jul 13, 2011 3:00pm EDT
boehner and president obama are still in contact. they are still working towards an agreement. big stumbling block, taxes still in the way, martin. >> i should explain, mike, that you're inside because there's a lot of rain outside the white house today. >> another major storm, that's right. >> absolutely. >> thanks so much. >> well, now that he's walked out of debt talks with vice president biden, taken a fight to president obama and clashed with speaker boehner, is there any compromise that will sit with house majority leader eric cantor? nbc's luke russert is covering that. republicans, what are they willing to sacrifice in order to reach an agreement? got a copy of the "washington post" which liberally quotes you, but have you been able to get an answer to your question yet? >> reporter: no, and they offer two explanations as to why, martin. number one, they say that a concession republicans are making is just in fact allowing the debt ceiling to go up because that's something that's so unpopular within the house republican caucus. the popular sentiment here in washington, d.c.
NBC
Jul 13, 2011 12:00pm EDT
. arnold schwarzenegger is returning to the big screen. he is set to star in an upcoming western action film called "the last stand." he will play an aging sheriff. coming for the last stand is set to start this september. >> special treat for harry potter fence near philadelphia. a select few attended a sneak peek screening of the new harry potter motive. last night this was the last and final movie in the harry potter series. it opens nationwide this friday. most expectant mothers panic at the thought of contractions. coming up, new technology that could help doctors monitor your condition from afar. >> the radar is showing a couple of thunderstorms outside western maryland. the threat continues into the afternoon but right now it is hot and humid. it is not as human as yesterday. we are at 43% and 88 degrees at the airport. you like the seven-d >> the fallout continues over the rupert murdoch's hacking scandal. several top british politicians are now turning their eye on his media empire, news corp.. >> with the ink barely dry on the final edition of "news of the world," rupert murdo
WETA
Jul 13, 2011 6:00pm EDT
a big prize from the failure of the takeover. bskyb's share prices falling around 20% over the past nine days. taking away almost 3 billion pounds from the value of the company. what has rupert murdoch lost? >> this is a once-in-a-lifetime opportunity to acquire 100% of the business which is extraordinarily good prospects, which has a growth trajectory which is well understood. it would have substantially increased the size of the company from around 20% to 25%. >> we may think mr. murdoch is big in the u.k., but he is much bigger in the u.s. the worry for him is that u.s. senators are now on his days following the accusation that 9/11 victims and other families phones or hacked. >> if that is true and if there was any access to any of the victims records, then, you know, in my mind, it would probably be the most invasive and perverse information in's the final moments of their lives and a tremendous innovation to their families as well. >> 1989, the dawn of television's new age. >> mr. murdoch would see himself, rightly many would say, as the founder of bskyb. so to be told by politicia
CBS
Jul 13, 2011 12:00pm EDT
and big corporations. but republicans argue that's basically raising taxes in a recession and that is something they won't support. lawmakers need to come up with a plan in the next two weeks so it can be passed and signed into law by august 2nd. danielle nottingham, cbs news, the white houses. >>> the federal government actually hit its debt ceiling several weeks ago. since then, treasury officials have been using accounting maneuvers to pay the nation's bills without borrowing money. >>> a d.c. advisory commissioner will not have his day in court because d.c. mayor gray did not show up as a defense witness. 58-year-old keith silver was one of more than 70 d.c. residents arrested during protests at the capitol and the white house. residents are fighting for voting rights and the right to spend local dollars how they choose. silver was ready for trial today, but the attorney general's office representing the mayor moved to squash the mayor's subpoena citing it was an inconvenience as the highest ranking official for the district. the mayor had paid the fine when he was arr
WETA
Jul 13, 2011 6:30pm EDT
in the future. >> susie: let's talk a little. we were talking to a big institutional shareholder who is very concern body the outlook fordulwoou yuy b would you buy news corp at $16. is this an opportunity for investors, or is it too risky? >> near term with the $5 billion share buy back that mr. murdoch announced tuesday that begins on august 5th, i think near term, it's probably a buy at news corp, but long term, you have to wait until the dust settles. there's too much uncertainty, and potential liability that the company and senior managers are facing. that want to invest long term. >> susie: there was an article in "newsweek" written by carl bernstein under the title, murdoch's watergate and saying that this is the beginning of the end of the murdoch empire. your thoughts on that. could that be the case? >> i don't think the empire is going to crumble any time soon. but what i think we are seing is perhaps an end to the celebrity type cuture ta inculcated journalism on both sides of the atlantic and has been mainly stimulateed and driven by the murdoch approach to get the news at any co
CBS
Jul 13, 2011 7:00pm EDT
called the president saturday and ended their talks on the so-called big deal to cut the debt by $4 trillion over a decade, which he said the two men had been discussing since january. a republican source close to the negotiations says despite the smiles, the meeting is on a smaller deal are producing little progress at this point. speaker boehner was asked what happens if there is no deal and the nation defaults on august 2, he said nobody knows, it's a crap shoot. >> thank you very much. senior business correspondent anthony mason is here now. let's go back to the news from moody's. what exactly does that mean? >> moody threatened to do this last month. today the rating agency cited its concerns that the debt limit will not be raised on a timely basis, leading to a default on a u.s. treasury obligation. moody's words, the risk of a short-lived default was small but rising. standard and poors put u.s. credit on negative outlook back in april citing the same concerns. this is basically another warning shot, russ, telling congress they're running out of time. >> how soon could all th
NBC
Jul 13, 2011 11:00am EDT
thundershower, but after that, the big form will be in the form of lower humidity and cooler temperatures. we'll talk about that, the relo at the rest of the week and weekend and more, coming up in just a little bit. >>> metro is apologizing for delays and inconveniences caused by the heat wave. it got so hot some of the metal tracks expanded. when that happens, the rail loses its alignment. as a precaution, red line trains from silver spring to tacoma park were forced to share a single track. crews spent the night trying to reset the rails back to the proper alignment. >>> two teens are in the hospital after they were hit crossing the the street to get to a festival. this happened last night on richey highway in maryland. they were working to the early heights carnival. crews airlifted the 17-year-old girl and an 18-year-old young man to baltimore shock trauma in critical condition. they were not in a crosswalk. the car that hit them stayed on the scene. >>> your time right now is 11:07. coming up this morning, right now lawmakers on capitol hill holding a hearing to talk about airport secur
CBS
Jul 13, 2011 7:00am PDT
know we need revenues if we want a big package to solve the deal. now, if it turns out that the other side won't budge on anything, then we're going to be here every day until we get this done. >> senator mcconnell's proposal we mentioned brieflily at the top came after he sat down with the president. what do the white house and other leaders saying about it this morning? >> well, there's a sense of relief. you can almost feel it all across washington today, erica. because senator mcconnell's proposal would help them step back from the brink. the president's spokesperson jay carney said yesterday that default is not an option and they said some positive things about senator mcconnell's proposal. so everyone today is debating that proposal, but there is a sense that it lets some of the pressure off and may help the country avoid default. >> so in some ways, it seems to let some of the pressure off politically because even though the president told you it's time to set politics aside, neither party wants to be the one that causes the u.s. to default. you say a sense of relief. does it s
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